BNB Price Increases To $700 As Market Value Crosses $100 Billion

Key Points:

• Binance Coin (BNB) has surged over 10%, hitting a $710 price point.
• Notable altcoins include TON, Floki, and notably Notcoin, which increased by 144.46% in a week.

BNB price increased by over 10% to $710, raising its market value above $100 billion. Altcoins like Toncoin, ONDO, and Floki also saw significant gains.

The last days of the crypto market have seen some action, with Binance Coin (BNB) taking the lead. Over the last 24 hours, BNB has increased by over 10% to attain a price of $700.

BNB Price Increase: Crossing the $100 Billion Market Value

The market value of the currency has, in turn, crossed the line of $100 billion again, which was last seen at the beginning of December 2021.

The performance of other altcoins, including Toncoin and Floki, as well as Ondo Finance (ONDO), a project built for the tokenization of real-world assets, has been remarkable.

Readmore: FTX Settles IRS Tax Claim: $24 Billion For Customers To Be Reimbursed

Performance of Other Altcoins: Toncoin, ONDO, and Floki

Toncoin has surged over 13% and holds the ninth place among the largest cryptocurrencies by market value. At the time of writing, Toncoin trades at $7.68, marking a 17% increase in the last 24 hours.

Ondo Finance, one of the altcoins making an uproar, has its asset selling at $1.41, marking an increase of almost 10% over the last seven days. Floki, another altcoin for watchlisting, sells at $0.02214, marking an increase of over 24% in the last day.

In the group of altcoins, JasmyCoin and Notcoin have demonstrated simply super dynamics. Over the past 30 days, JasmyCoin is trading at $0.03836, increasing in value by more than 48%. Notcoin has shown an insane rise of 144.46% in the last week and now trades at 0.02214.

Bitcoin’s Future Market Cap According to VanEck’s CEO

Not the only interesting thing that has happened to altcoins, though. Jan van Eck, CEO of financial giant VanEck, believes that one day, Bitcoin’s market cap will be at least half of the gold market cap.

However, according to van Eck, this will happen when the traditional finance sector becomes a driving force behind such growth over the next 10 years.